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15093 Marina Drive
About This Property
The possibilities are endless with this unrestricted tract-build your dream single-family home, condos, townhomes, or even a commercial space. It's also an ideal site for residential development, with the property already platted for four separate residential lots.
Located just across the bay from popular destinations like Papa's On The Lake and Waterpoint, with Fajita Jack's, Monty's Lighthouse, CVS, Starbucks, and a variety of other shops and restaurants nearby, this property offers both tranquility and convenience. Don't miss out on this exceptional opportunity!
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 22, 2025 | Price Decreased |
$1,390,000
↓ $260K
(15.8%) | |
| Price Decreased | |||
| Aug 20, 2025 | Listed by MHW Brokerage Services LLC | $1,650,000 | |
| Listed by MHW Brokerage Services LLC | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017